United Kingdom · Question · Written question
UIN 101809
VAT
Original
Introduced
11 January 2022
Last action
14 January 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2022
Summary
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of increasing the £150,000 threshold to the VAT Flat Rate Scheme in the context of increased costs faced by businesses during the recovery from the cov
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
11 January 2022
Written question
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of increasing the £150,000 threshold to the VAT Flat Rate Scheme in the context of increased costs faced by businesses during the recovery from the cov
Source: Commons
14 January 2022
Answer
The VAT Flat Rate Scheme was introduced in 2002 as an administrative simplification scheme for small businesses. All taxes are kept under review, but there are no current plans to change the entry threshold for the Flat Rate Scheme. The Government has mad...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-01-11/101809
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1401841
- uk · wq-1401841 · source updated 14 January 2022